Apple CEO Tim Cook will take a 40% pay cut

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Apple CEO Tim Cook will take a 40% pay cut
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Apple Inc. said in a regulatory filing that Cook’s target total compensation is $49 million for 2023.

How two college dropouts built what would become one of the world's most influential companies.

Apple Inc. said in a regulatory filing late Thursday that Cook's target total compensation is $49 million for 2023, with a $3 million salary, $6 million cash incentive and $40 million in equity awards. and a recommendation from Cook, who was promoted to CEO in 2011, to adjust his compensation in light of the feedback received.

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